Epiroc AB (publ) (EPI_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and a warm welcome to the Epiroc Q1 results presentation. My name is Karin Larsson. I'm head of IR and media here at Epiroc. And by my side, I have our CEO Helena Hedblom and our CFO Håkan Folin. As always, they will briefly present the results before we do a Q&A session. You all know the drill. Helena, please, the stage is yours. Thank you. So thank you, Karin, and a warm welcome to all of you. So before I dive into the Q1 results, I would like to spend a few words on a highlight from earlier this month in April, when we announced our largest ever order contract. So the contract size is 350 million Australian dollars, about 2.2 billion krona over five years. And this is not only a large contract, this is the future of mining making its entry in full scale. So we will provide a fleet of more than 50 machines fully autonomous and electric to Fortescue in Australia. The machines we will provide are cable electric pit wipers 271E and battery electric Smartrock D65BE. And if you joined us at Mine Expo in September, you might have seen the machines. So once the fleet is fully operational, it will reduce CO2 emissions by 90,000 tonnes annually, while also boosting safety and productivity. So well done to everyone involved and thank you, Fortescue, for your trust in EPROC. So coming to Q1 and highlights from the quarter. So the mining demand was strong and equipment orders were very strong. We're up 29% organically. We won 600 million in large orders. And this can be compared to 400 million in Q1 last year and 820 million in Q4. So among these orders here in Q1, we had a large one, 280 million from Hindustan Sink for underground trucks and rigs. And we had a large battery fleet order as well, 100 million from Hudbay Minerals in Canada. On the infrastructure side, the ...